Teacher Luke's video analysis summary at 14:35 on Thursday, October 24, 2024, for details, please go to youtube (LUKE trader Luke) to watch:
Looking back at yesterday's strategy, we successfully laid out short and long orders for DOGE and Bitcoin, and Bitcoin alone made a profit of nearly 1,500 points. Judging from the current trend, at the daily level, the upward trend of the central axis is obvious. At the hourly level, there is a central rise, and the a and b segments diverge. According to the entanglement theory, we short when it rebounds to the upper edge of the central axis, which is the second selling point.
The long strategy given yesterday afternoon is based on the trend that has gone out of the three-segment structure, and it is easy to pull back after the divergence to form the third selling point. The pullback is not caused by the 5-minute level divergence, but by the smaller one-minute divergence, forming a small-to-large market.
At present, we wait for the rebound to end before shorting, and pay attention to the changes in the 5-minute central axis and MACD. If it reaches a new high again, it is likely to go divergent, and you can consider shorting the third selling point. At the daily level, the trend is still in a bullish market. Pay attention to the 20-day line support and the appearance of a large positive line with large volume to determine whether it can break through the key pressure level and continue to rise.
At the weekly level, the trend is in the third section structure, and the MACD golden cross is formed. It is expected to fluctuate and then rise. The market is in a wait-and-see mood, the medium-term is bullish, and short-term opportunities are looking for short-selling three selling points.
Ethereum fell sharply yesterday, unexpectedly, and has returned to below the center. In the short term, pay attention to the moving average and the pressure level of the central interval. When it rebounds, you can consider shorting the second selling point. Ethereum is weak overall and is in central oscillation, while Bitcoin has not returned to the center.
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